Keen v. JPMorgan Chase Bank

This case presents the question of consumers’ standing
to bring an action for statutory damages under the Truth in Lending Act (TILA)
for the alleged failure of a creditor to accurately disclose the finance charge
on a mortgage loan. The Bureau filed an amicus
brief arguing that the consumers had standing under Article III of the U.S.
Constitution to bring this case. Specifically, the Bureau’s brief argues that receiving
a disclosure that incorrectly states the finance charge in violation of TILA is
a concrete harm sufficient to support Article III standing.